Lay and Skilling Are Done - Crime and Punishment Update
It won't bring back the millions that were bilked from Enron's employees, but it's still SWEET!
UPDATED 12:08pm PDT
On second thought...why can't we bring back those millions? Though I'd like to see Lay rot in jail, it won't make him feel one shred of remorse, won't bring him low they way he deserves, but I've got a deal to offer. These two claim their assets are now down to the 20's to 50's of millions, but I don't buy it. So let's say it's double that if we liquidated everything.
So here's the deal: In return for avoiding jail, Lay and Skilling agree to liquidate all, and I mean all, of their assets, and the proceeds are then turned over to the retirement fund for former Enron employees (already funded with $68M)--probably bring the fund up to $150M.
Would that be enough? Probably not. Enron had over 10,000 employees, right? But with appreciation over the long term it would sure as sh*t be better than letting those assets stay in the Lay and Skilling families. And please don't berate me lines like "...it's not fair to their wives and children." Tough! The spouses can go back to work. The children can work their way through public college, just like all of the rest of us. Let them cry, "Daddy squandered my inheritance," that will do more to punish Lay and Skilling than jail time ever could.
That said, I hope Lay rots in prison. Or alternatively, under the guise of creative punishment: I would let them both avoid prison entirely, if they personally funded a pension plan for their former Enron employees that provided say...80%...of what those employees could have expected from the defunct plan.
Not to worry, looks like they could put him away for a couple of hundred years on the convictions.
That is exactly what I was thinking! The think is is that I meant it as a sad commentary on the hipocracty and soft-belliedness that permates the American society.
Make people accountable. I think they should go to jail, AND have their assets liquidated. His wife can go on welfare, or GASP, get a job! Just like all the wives and husbands of people who lost everything in the scandal.
What's the odds W gives his pal Kenny boy the official pardon?
WS...is this going to make me depressed?